Licensing Requirements for Brokering Businesses - EP257 - Real Facts on Real Estate

In this episode we discuss that in Massachusetts there is no formal business broker license. When selling a business without real estate included there is no licensure requirement. When selling a business that includes real estate there is the need for a real estate salesperson's license. Without that license you would be in violation of Massachusetts law. While there is no licensing requirement the process of business brokering is complex. A good business broker has a large referral network of professionals to help the entrepreneur successfully sell and purchase businesses.